Mixed Reality Market is a vibrant, dynamic and fast-changing sector.

According to a recent report published by Allied Market Research, titled, Mixed Reality Market by Component, Device Type, and Application: ****** Opportunity Analysis and Industry Forecast, 2017-2023, the ****** mixed reality market was valued at $72 Million in 2016, and is projected to reach at $3,109 Million by 2023, growing at a CAGR of 71.3% from 2017 to 2023.

At present, North America dominates this market, followed by Europe. In 2016, the U.S. dominated the market in North America with a regional market share of 80%. Rise in consumer electronics market, growth in adoption in games & entertainment industry, and demand from the education sector drive the mixed reality market growth. However, high cost of technology hampers the growth of the market to a greater extent. On the other hand, rise in advancements and innovations are expected to create greater opportunities.

In 2016, the software sub-segment dominated the ****** mixed reality market with 71% market share, in terms of revenue. Further, based on device type, the wireless devices led the ****** market with 67% market share in 2016.

Aerospace & defense sector dominated the mixed reality market by applications with the 29% market share in year 2016 and is anticipated to depict a CAGR of 70.8% throughout the forecast period.

Key Findings of the Mixed Reality Market:

In 2016, the software component generated the highest revenue in the ****** mixed reality market.

Wireless devices dominated the market in comparison with the wired counterpart.

The aerospace & defense segment led the mixed reality market in 2016.

LAMEA is anticipated to exhibit a highest CAGR during the forecast period.